Nude in a Black Armchair

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By Pablo PicassoWorth: $45.1 million

Perhaps, given what we have seen so far on this list, it was inevitable that the top spot would be claimed by yet another painting by Pablo Picasso. The incredible demand for his work has ensured that he repeatedly breaks auction records for his pieces -- with his Nude in a Black Armchair, he continued that trend. Created in 1932, it is a colorful piece filled with voluptuous curves and a plant which represents fertility. Another example of the work he did while with his mistress, it has maintained its position as the most valuable nude in the world since 1999.